SpiceJet

About SpiceJet

SpiceJet is a Delhi-based India's low cost domestic airliner delivering the lowest air fares with the highest consumer value. The airliner is backed by funding by billionaire Wilbur Ross. SpiceJet started its operations in May 2005 and became the second largest low-cost airliner by 2008. In 2009, the company made plans to spread to more smaller Indian cities. Reports also said that company is looking into acquiring a domestic low-cost carrier (LCC) as well as diluting minority stake to a foreign.

The airlines is promoted by Kalanithi Maran.

Management

Promoted by Kalanithi Maran

Chief Operating Officer: Sanjiv Kapoor

Network

SpiceJet has around 100 flights daily covering 17 destinations -- a definite increase from 2006, when SpiceJet flew to 14 destinations with 83 flights operating daily. In 2006, the fleet size of SpiceJet was 11 aircraft. At the end of 2007, the airline added seven more aircraft to its fleet, with a further order for 13 aircraft from Boeing scheduled for delivery over 2008 -2011. The number of passengers who flew with SpiceJet in 2006 was 2.21 million, rising to 3.7 million in 2007.

Revenues

Awards and Recognition

November 2008: 2008 Emerging Company of the Year Award for Indian Commercial Aviation, Frost & Sullivan

Timeline

SpiceJet slashes air fares by 75% under a new offer. The offer is to attract early summer bookings and will be open till midnight of Feb 26. The scheme named 'Super Summer Sale' will allow air travellers to avail discount rates for travel between April 1 and June 30, 2014. Feb 24, 2014

In March 2009, the airliner introduced a 'book for two, pay for one' three-day promotion offer.

Johari Family Buys Back MaXposure Media Group from Gruner + JahrThe Johari Family has bought back the business of MaXposure Media Group from Gruner + Jahr (the publishing division of European media conglomerate Bertelsmann) for an undisclosed amount. Gruner + Jahr had acquired a majority (78.75%) interest in MaXposure back in 2011. The remaining 21.25% were held by the Group’s co-founder Prakash Johari

Cornitos is the Snack Partner for Jaypee Punjab WarriorsCornitos, the flagship brand of Green Dot Health Foods Ltd has announced its association with the Hockey India League (HIL) team – Jaypee Punjab Warriors. Cornitos is the snack partner for the team this season and the association will be promoted by both partners through their communication and social media channels

SpiceJet Selects airRM as Its Revenue Management System Revenue Management Systems (RMS) is excited to announce that it has been selected to provide SpiceJet with state-of-the-art revenue management, inventory control, and reporting tools. SpiceJet has chosen airRM, the innovative revenue management software developed by RMS, Inc., to help it identify sales opportunities and maximize passenger revenues

MaXposure Media Group Sweeps 53rd ABCI AwardsIn what is regarded as one of the most prestigious award ceremonies, MaXposureMedia G + J has swept away with as many as nine awards for its various magazines at the 53rd ABCI Annual Awards Nite held in Mumbai

MaXposure Media Group to Publish Inflight Magazine of Biman Bangladesh AirlinesMaXposure Media Group (MaXposure) has bagged the contract for publishing Biman Bangladesh Airlines’ inflight magazine. The national carrier of Bangladesh flies to 18 destinations, including 14 international cities. MaXposure Media Group won the bid leaving behind seven other publishing houses from the United Kingdom, Fiji, India and Bangladesh

Airlines to be allowed to import jet fuel, says Ajit SinghCivil Aviation Minister Ajit Singh on Tuesday said the Indian airlines would be allowed to import jet fuel directly under a proposal from a ministerial panel, sending airline shares sharply higher on the prospect that they will be able to cut costs.

Ramco Systems Wins Order from OrngeRamco Systems, the Global Aviation Maintenance & Engineering (M&E) and Maintenance, Repair & Overhaul (MRO) software provider, announced today its agreement with Ornge Issuer Trust, of which Ornge is the beneficiary, for Ramco’s Series 5 Aviation M&E software

Bomb threat grounds SpiceJet flight in KathmanduA SpiceJet aircraft, scheduled from Kathmandu to New Delhi, was evacuated at Kathmandu's Tribhuvan International Airport on Sunday after airport officials suspected that a bomb had been planted in the aircraft.

Gruner + Jahr Acquires Majority interest in MaXposure Media Group, IndiaG+J International is acquiring a 78.75 percent interest in MaXposure Media Group India Pvt. Ltd., the effective date being July 1st, 2011. The remaining 21.25 percent are held by the Group’s founder, Prakash Johari, who will continue to serve as CEO & Managing Director after G+J’s takeover of the majority. His brother and co-founder Vikas Johari will be appointed COO

Ezeego1 keeps the Independence Day SpiritIn celebration of the 64th Independence day, Ezeego1.com, the online travel market place has pledged to donate Rs. 10 on every flight booking made through its portal for travel between 11th August and 22nd August 2011. The money will go to the Mamta KG School near Worli Naka, Mumbai